Those two articles were concerning for someone who is on the precipice of retirement. About half of my assets are bet on those Ponzi schemes.
I always thought the Chinese manufacturing industry was a kind of "smash and grab" operation, where they took as much as they could and ran before anyone could catch them. Given the number of horror stories I've heard I'm surprised it lasted this long. I have always believed anyone who bet his company on doing business with China was a fool.
As for Stockman's complaint that government control of the economy over the past 40 years is a bad thing and bound to collapse - I don't care as long as it lasts a few more years.
